The Ketchum keystone. [volume] (Ketchum, Idaho) 1885-1899, 1887-01-15

1t is not to baby millionaire wish
to call your attention. nor even 10 any
baby, but to the finances of your baby,
reader OF Babuhood.
You. of course, know all about what
the little fellow has cost. and know what
he is likely to cost, not only in dollars
and cents, but in wakeful, watchful
hours and anxeties innumerable. But.
after awhile, the now costly baby will
require not only schooling but business
education, and foundation upon which
to stand in the great money getting
world.
There are so many ups and downs
with prosperous people that the child OF
wealth to-day may twenty years hence
be eking out a scanty living as a clerk,
and. on the other hand, the little fell
low whose baby wardrobe is plain and
limited. by the same time may be on the
broad road to fortune.
While you sit by the darling's cradle
is the time to thoughtfully mature your
plans for the future. There are so
many little trifles bought for baby that
might be dispensed with and the money
allowed TO accumulate for future use.
1t is wonderful how nice sum may re-
pose in one of the many savings-fund
institutions by just little forethought
and economy. A mayor in a southern
city gave on Saturday evenings to his
four little daughters all the dimes he
happened to have in his pocket. A lady
of my acquaintance saved all her gold
pieces for her son, depositing them in
hnnk f, hio nraIit cho nf fr,n
tee. Another lady, having small
house renting for s. month. put the
sum to her chiidren's account in the
savings fund, and carefully refrained
from using any of it.
/ know Of many instances of weli-to-do
parents who are faithfully laying up for
the children. and that IN Il small. matter
of-fact way which would astOnish many
with whom they mingle in society. A
pencil and paper and half hour or less
spent in calculating the possible accum-
ulatiOn OF even $50 u year for twenty
years will show what can be done.
had this winter in my employ as
nurse widow with little girl. She
came in great distress Of mind to me
one day in reference to her money mat
tiers. Her husband. n coachman, had
had from his employer each year a gift
of $50 which. with other earnings, had
been deposited in bank to the credit of
the child. The father and trustee died.
and the woman, in ignorance how TO
proceed. had been for three years unable
TO use any of the interest for the child.
The sum had accumulated until the in
tercst would clothe the little girl. bad
the pleasure of securing faithful
guardian for the child and relieving the
poor woman's mind of much anxiety,
She having supposed the sum could not
be touched until the little girl was of
age. This woman carries a small insur-
ance for the chill, SO in case of the
mothers death the child could be CON-
fortably cared for without the extreme
poverty which she would have save for
the savings OF few years ON the part of
her father.
1t is 4 wise course for woman to ac-
quaint herself with the process of the
law in regard 10 tue money belonging
to children, also to know the rates of in-
tercst and values of property. While
money in bank sometimes accumulutes
as fast rs that invested, and can be Sc
cured and used in emergencies in less
time than by other forms of investment,
there are many other ways of using the
money saved-a piece Of land can be
bought and put in baby's name. or sold
again and the money turned over and
over.